Updated Sep 9, 2024
Prestige Property Group Sells Condo In Edgewater For $1.5M With Kyle Klaus As The Broker
110 Undercliff Avenue, Edgewater, NJ 07020
$1,500,000
Building Size
—
Asset Type
—
Closing
Jan 4, 2022
About this deal
AI
Located at 110 Undercliff Avenue in the Edgewater market, this recently sold condo is a notable property in the area. The transaction took place on January 4, 2022. The sale was facilitated by Kyle Klaus from Prestige Property Group, who represented the seller in the deal.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,500,000
- Address: 110 Undercliff Avenue
- Square Footage: 25X241
- Market: Edgewater
The transaction involved a well-maintained condo unit that captivated buyers with its desirable features. With an asking price of $1,499,000, the property eventually sold for $1,500,000. The spacious unit spans a generous 25 feet by 241 feet, providing ample living space.
Kyle Klaus, a representative from Prestige Property Group, played a pivotal role as the seller's agent in this transaction. His expertise and negotiation skills ensured a successful sale for the seller.
Players
Edgewater CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93